Hangzhou Supmea Automation Co.,Itd(美仪自动化) recently announced that it has completed hundreds of millions of dollars of Series B financing, led by Eastern Bell Capital(钟鼎资本), and will focus on overseas business.
Supmea Automation is a high-tech enterprise engaged in the research and development, manufacturing, sales and service of process automation instrumentation. It is deeply engaged in the field of process automation instrumentation, seizing the opportunity of China's industrial automation, informatization and intelligence, creating a set of vertically integrated model with the capabilities of research and development, supply chain, production, sales and service, and continuing to make great efforts on the process of localization of instrumentation.
According to the official website of Supmea Automation, the company has set up service centers in Beijing, Shanghai, Guangzhou, Nanjing, etc., and has offices and contact points in Singapore, Malaysia, etc., with business in 138 countries and regions. On August 29th, Supmea's overseas warehouse in Jakarta, the capital of Indonesia, was opened, and the establishment of the overseas warehouse can respond to customers' needs faster, shorten the delivery time, and improve the supply efficiency and delivery of the entire Indonesian market. The establishment of the overseas warehouse will enable faster response to customer needs, shorten delivery time, and improve the supply efficiency and service quality of the entire Indonesian market.
EqualOcean's access to fortunebusinessinsights found that the global industrialization market was USD 191.89 billion in 2021 and is expected to grow from USD 205.86 billion in 2022 to USD 395.09 billion in 2029, at a CAGR of 9.8% during the forecast period, leaving plenty of room for market growth. In the future, with the advent of 5G technology and growing popularity of Industry 4.0, the demand for automation solutions across industries is surging.
With 2 major manufacturing centers in China, offices covering 20+ cities, and agent factories in Malaysia abroad, Supmea Automation's business scale covers 130+ countries, serving hundreds of thousands of customers cumulatively in a wide range of industries including petrochemical, metallurgy and power, municipal environmental protection, 3C, automotive, machinery and heavy industry, etc., Supmea Automation is committed to building itself into a world-class process automation company.
Supmea Automation Printing has attracted a very large number of companies to enter the field, the representative companies in China, including Supon Technology, China Unicom, Dings Intelligent Control Technology, etc.; on the international level, Germany's Siemens, Switzerland's ABB Group, the United States of America's Rockwell Automation and so on are quite powerful.
This round of financing of Supmea Automation was led by Eastern Bell Capital, followed by Sanhua Intelligent Control(三花控股集团有限公司), Xiamen C&D Company Limited(厦门建发股份有限公司), and ZJU Joint Innovation Investment(浙大联创投资). This round of financing will be used for supply chain innovation, product development, service networks and digitalization construction. The company will make full use of the opportunities of the capital market to accelerate technology research and development and market expansion, in order to realize the application of industrial automation to a higher level.